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The Allure of Pink Diamonds : Beauty and Rarity

When Ben Affleck proposed to JLo with a 6.1 carat pink diamond engagement ring in 2002, it caught all the media headlines and also caused a surge in pink diamond prices that still exist today. Pink Diamonds are known for their beauty, rarity, and high price tag. The pink hue is found in only a small percentage of natural diamonds; and of these diamonds only a tiny percentage have a rich, vivid color. The production of such stones have decreased drastically in recent years, since these stones dominantly come from the Argyle mine in Australia which has ceased operations as of November 2020. The closure of the Argyle mine has caused pink diamond prices (which have been rising 10-15% per year since 2005) to increase a staggering 30% in 2021. Prices are projected to go even higher as pink diamonds' investment potential has caught investors' attention, The allure of pink diamonds is now at an all time high, with a Pink Diamond Index being launched by the Australian Diamond Portfolio to encourage growth in the emerging secondary market.

If you have ever held a pink diamond in your hand, it is a captivating experience. To admire the beautiful creation of nature and understand that there are only a few out of millions of diamonds like it. It goes without mentioning that one must be wary when shopping for a pink diamond. To ensure that the diamond's color is not a result of any lab treatment, it must be accompanied by a GIA certificate that states it is a natural pink color. The jeweler must be a reputable source who can confirm these details. If you are in the market for a rare collectible gem like a pink diamond, we are happy to help!


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